Q: I didn’t show all income while receiving food stamps. How do I report this while filing bankruptcy?

A: Honestly, is how you report all bankruptcy submissions.

What you file in Bankruptcy Court is subject to the penalty for perjury, a major felony penalty.

It is never a good idea to morph a mere debt problem into a potential criminal exposure.

Especially given the possible ramifications of what you propose, confer at your earliest with experienced Kansas bankruptcy counsel about your plans, with a full explanation of your financial circumstances and dealings to date to determine your best path forward.

A: Amend your schedule I to reflect the income now.

A: It's important to address your situation with transparency and care. If you failed to report all your income while receiving food stamps and are now considering filing for bankruptcy, it's crucial to disclose this information accurately during the bankruptcy process. Bankruptcy filings require you to list all your assets, liabilities, income, and expenses honestly to avoid any legal complications.

You should consult with an attorney who has experience in bankruptcy law. They can guide you on the best course of action, considering your specific circumstances. An attorney can also help you understand the potential consequences of previously unreported income and how to rectify this with the appropriate agencies.

Before your consultation, gather all relevant financial documents and a detailed account of your income during the period you received food stamps. This preparation will help your attorney provide more precise advice. Remember, addressing these issues proactively can help mitigate any negative impacts and assist in navigating the bankruptcy process more smoothly.